RES 81392 - Laserfiche WebLink

WHEREAS, WHE tEAS, I!1 CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 80-74 A RESOLUTION APPROVING COUNTY-WIDE METHOD FOR REDISTRIBUTION OF PROPERTY TAX REVENUES FOLLOWING ANNEXATION OR CERTAIN OTHER JURISDICTIONAL CHANGES. 'Section 99 of the Revenue and Taxation Code (AB-8) provides, among other things, that no local agency jurisdictional change {Q.ther than a city incorporation or a formation of a district) can be completed without the agencies affected by s~ch change first having agreed upon a redistribution of property tax revenue from such area between and among said agencies; and the Alameda County ~ayors'.Conference on March 12, 1980, reviewed and endorsed as equitable a policy proposal submitted by the Alameda County Administrator which, in pertinent part, calls for a redistribution of pro- perty tax revenues currently derived from an unincorpo- rated territory which is proposed to be annexed to a city, in the following manner: In all annexations involving developed or developing residential territory, as well as mixed residential/ commercial areas and vacant or underdeveloped in- dustrially zoned areas, the City would automatically be entitled to receive an allocation of the County's general fund computed property tax revenue from that area equal to the City's/County existing allocation percentage ratio within its corporate limits; Should a substantial portion of any annexation include a developed commercial area, the County will under- take an analysis of nonproperty tax revenues vs. County service costs in determining what portion, if any, of the. County allocation is redistributed; and In the event that a City assumes full responsibility for a service or services presently provided by a separate County taxing agency or special district within a territory proposed to be annexed, pursuant to Revenue and Taxation Code Sec..99~(b), the County will endeavor to transfer to the City the entire computed property tax revenue presently allocated to ~uch County agency or district from said area.